Commercial & SBA Lending Underwriter
Northwest Federal Credit Union

Job Info

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Overview

The Commercial & SBA Loan Underwriter is responsible for the generation, underwriting and management of all new and existing commercial loans, consisting primarily of C&I, CRE and SBA 7(a) loans. This person is responsible for the preparation and presentation of new credit requests, conducting annual reviews and recommending approval or denial of each. The Commercial & SBA Loan Underwriter will input loan spreads, analyze financial statements and write a detailed credit memorandum supporting the credit decision. In addition, will partner with the commercial lenders to pre-screen requests, recommend increases, modifications, or provide a liquidation recommendation as-needed. This position will play an integral role in a growing business banking by efficiently underwriting and structuring credit facilities that meet the needs of the credit union while at the same time mitigating overall risk and exposure.

Responsibilities

• Pre-screen credit requests to determine viability of the request
• Collaborate with other divisions within the credit union; grow loan sales
• Research and resolve problems or discrepancies
• Provide quality member/customer service promptly through various communication methods
• Stay abreast of and maintain/ensure compliance with all rules and regulations pertaining to applicable lending functions, including all relevant state and federal laws and guidelines
• Administer all phases of an annual review to include; the collection and analyzing of financial data, credit memo preparation and the documentation of the credit files
• Possess strong understanding of financial ratios
• Assess the quality of the business assets pledged as collateral and understand the liquidation ramifications
• Review credit reports and UCC's on an annual basis to ensure integrity of our lien and collateral
• Evaluate financial information provided by the borrower; cash flow analysis, personal and business tax returns and business financial statements
• Ensure all credit recommendations are based on sound credit underwriting principles and in accordance with the existing MBL policy
• Monitor loan covenants monthly, quarterly and annually
• Interview potential borrowers and go on joint calls with the Lenders as needed to determine viability of a request
• Perform other duties as assigned
• Remain cognizant of and adheres to NWFCU policies and procedures as well as regulations pertaining to the Bank Secrecy Act (BSA)

Qualifications

• High school diploma or equivalent, Bachelor's degree in business or related field desired
• Minimum 5 years' experience underwriting commercial or small business loans, with knowledge in C&I, CRE, SBA 7(a) and 504 credit review
• Knowledge of laws and regulations governing business and consumer lending practices as well as collection practices
• Demonstrated strong attention to detail & confidentiality
• Ability to interact effectively with all levels of the organization and/or with members
• Ability to review and analyze or interpret data and documentation and to make decisions regarding subsequent actions
• Ability to work independently with minimal direct management supervision
• Demonstrated initiative and resourcefulness as a self-starter
• Effective written and verbal communication
• Ability to travel to NWFCU's corporate office located in Herndon, VA as required
• Must be able to work the hours of M-F 8-4:30

EEO Notice

Northwest Federal Credit Union is an Equal Opportunity Employer and will consider all qualified applicants without regard to race, color, age, religion, sex, sexual orientation, gender identity, genetic information, national origin, disability, protected veteran status or any other classification protected by law.

NWFCU complies with federal and state disability laws and makes reasonable accommodations for applicants and employees with disabilities. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact the Human Resources Department at 703-709-8900 or HRDepartment@nwfcu.org.

This job has expired.